The 3 Phases of Financial Repression ↓

I chatted with Galaxy's @SteveKurz about the growing number of firms with crypto treasury strategies, and what we can expect next. Full piece coming in today's @ForwardGuidance ...

Managing the 3 key risks of crypto Treasury companies ↓

Trump pushes until something breaks @agnostoxxx @qthomp Raise the stakes → Crash → Retract → Repeat

Main Street Never Stood a Chance They staged a comeback...for about 36 hours. Back to business as usual @agnostoxxx

🚀 NEW ROUNDUP: The Great Ponzi-fication Of Markets We Discuss: 🔶 The Golden Age of Grift 🔶 Why bonds are broken 🔶 The “Fire Powell” trial balloon 🔶 Japan risk repeat 🔶 Hedging for the summer @agnostoxxx @Tyler_Neville_ @qthomp @fejau_inc Links Below ↓

The Fed is quietly losing control. The U.S. is sliding further into fiscal dominance and the consequences will completely upend monetary policy. Takeaways from our latest episode with @DavidBeckworth ↓

Treasury's playing the short game. Issuing more T-bills to avoid the pain of locking in high long-term rates. High debt forces short-term thinking. @DavidBeckworth